remitly News of 10/25/20
Remitly Launches Passbook, A Neobank Aimed At Immigrants, To Expand Beyond Money Transfers
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer base. Today, it’s taking the wraps off a ...
It’S Time For Tech Startups To Get Political
Xiao Wang Contributor Xiao Wang is CEO at Boundless , a technology startup that has helped thousands of immigrant families apply for marriage green cards and U.S. citizenship while providing affordable access to independent ...
In The Shadow Of Amazon And Microsoft, Seattle Startups Are Having A Moment
Venture capital investment exploded across a number of geographies in 2019 despite the constant threat of an economic downturn. San Francisco, of course, remains the startup epicenter of the world, shutting out all other geographies when it comes to ...
Ally Raises $8m Series A For Its OKR Solution
OKRs, or Objectives and Key Results , are a popular planning method in Silicon Valley. Like most of those methods that make you fill in some form once every quarter, I’m pretty sure employees find them rather annoying and a waste of their time. ...
Visa Pitches A Program Offering Fintechs Faster Market Access Through An Ecosystem Of Partners
Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group of pre-approved partners. The Fast Track program, a variant of an investment commitment and ecosystem of services the company has ...
Remitly Raises $220m To Expand From Money Transfers To Financial Services, Now At ~$1b Valuation
When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues to be one of the biggest, with the World Bank ...
Naspers-Owned PayU Doubles Down On India With $70m Deal To Buy Wibmo
PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo, a startup based out of the US (Cupertino, to ...
Techstars Will Build And Launch Startups With New Venture Studio
Similar to Y Combinator, early-stage technology startup accelerator Techstars has spent much of the last decade supporting and seeding innovative projects, including Plated, ClassPass, SendGrid and PillPack. Now, it wants to take its service a ...